• Income Tax

Sundry Creditors written off by debiting to software account was not income

3 years ago

Sundry Creditors written off by debiting to software account was not income as the software purchased was of no use…

  • Income Tax

Penalty u/s 271AAB deleted as assessee declared income on presumptive basis

3 years ago

Income Tax Penalty u/s 271AAB deleted as assessee was declaring income on presumptive basis, was not required to maintain books…

  • RBI

Remuneration of Bank Auditors of Nationalized banks revised from FY 2022-23

3 years ago

RBI has revised the remuneration payable to the Statutory Central and Branch Auditors of Nationalized banks effective from the FY…

  • Income Tax

CBDT exempts income of Insolvency and Bankruptcy Board of India u/s 10(46)

3 years ago

CBDT exempts income of Insolvency and Bankruptcy Board of India u/s 10(46) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT…

  • GST

GST rate on Agencies conducting entrance exams for admission to educational institutions

3 years ago

GST on Authorities for conduct of entrance examination for admission to educational institutions to be treated as educational institution for…

  • Income Tax

Appeal Fee to be paid ITAT on appeal against Rectification order u/s 154 – ITAT Order

3 years ago

Appeal Fee to be paid to ITAT on appeal against Rectification order u/s 154– Residual clause of section 253(6)(d) not…

  • GST

Functionality of geocoding of Principal Place of Business Address in GST Portal

3 years ago

Functionality of geocoding of Principal Place of Business Address in GST Portal made available in Two States GSTN has made…

  • Income Tax

Cessation of Liability u/s 41 – Calcutta High Court demystifies the Law

3 years ago

Cessation of Liability u/s 41 – Calcutta High Court demystifies the Income TaxLaw ABCAUS Neutral Case Law Citation:ABCAUS 3678 (2023)…

  • Income Tax

Assessing agriculture income as business no basis for penalty u/s 271A for non maintaining books

3 years ago

Assessing agriculture income as business income no basis for imposing penalty u/s 271A as it would not ipso facto lead…

  • Income Tax

Cash deposit on same day of sale deed has direct nexus between source of cash and sale – ITAT

3 years ago

Cash deposited on same day of sale deed execution has a prima facie direct nexus between source of cash deposit…